Though we shouldn't compare wages in the SF bay area and NYC to anywhere else. SE wages in the bigger european countries aren't significantly worse than in the

Though we shouldn't compare wages in the SF bay area and NYC to anywhere else. SE wages in the bigger european countries aren't significantly worse than in the non-hype areas of the US. In fact a SE in Germany will on average have more purchasing power left over after taxes and basic cost of living expenditures than on in the US. (again, looking outside SF bay and NYC) Though one thing we see in Europe is that highly qualified young people aren't nearly as ready to move to the economically strong areas, where their skills are in high demand. Instead they remain unemployed or underemployed in their home country. Which also has the added bad effect of depressing wages for their peers.